Cost of Living: Richland, MS vs Panama, IA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Richland | Panama |
|---|---|---|
| Housing Index | 95.0 | Data is updating |
| Median Home Price | $176,000 | $155,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1360 | $Data is updating |
Housing Comparison: Richland vs Panama
- In Richland, the median home price is higher at $176,000, while in Panama it is $155,000.
- The rent for a two-bedroom apartment is equal in both Richland and Panama at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Richland | Panama |
|---|---|---|
| Electricity Price | $13.42 | $14.82 |
| Natural Gas Price | $22.19 | $15.61 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Richland vs Panama
- Panama has higher electricity costs at $14.82 per kWh, versus $13.42 in Richland.
- Natural gas is more expensive in Richland at $22.19 per unit, while it is cheaper at $15.61 in Panama.
- Utility expenses are equal in both Richland and Panama averaging $250.